Loose Ends
The recent flooding in Southeast Texas that did so
much property damage and killed and scattered livestock
also complicated life for those out of the direct reach
of the angry, swollen rivers. A market report from Lee
County Stockyards, Giddings, thanks consignors for
overcoming difficulties to get their cattle to the sale.
"Some of them had to use a tractor to get their
cattle out," it notes, adding, "I even heard
about one man using a boat."
*****
Californians, always the first to embrace a fad, voted
during the elections this month to ban the sale of horses
for human consumption anywhere.
By a vote of 59.4 percent, the Land of Fruits and Nuts
approved a proposition making it a felony for any person
to participate in the sale or purchase of a horse or
jackass with the intention or knowledge that it will be
killed for human consumption. That includes horses
shipped outside the state.
We suspect a lot of old, sick horses are going to die
an unnecessarily slow and painful death in California.
*****
The Chicago Mercantile Exchange will begin trading
stocker catytle futures and options Nov. 30. Cash
settlement of the options will be based on a seven-day
weighted average of USDA prices known as the CME Stocker
Cattle Index.
Contracts specify 25,000 pounds of 500-599 pound
medium No. 1 and medium and large No. 1 steers. Contracts
will trade for January, February, March, October,
November and December.
*****
CORRECTION: In a recent article on the R-CALF petition
seeking sanctions against Canada and Mexico for alleged
improprieties in cattle imports, Livestock Weekly
orroneously reported that no Texas organization had
joined the effort. The Independent Cattlemen's
Association of Texas, however, notes that its executive
committee voted to support the portion of the petition
seeking countervailing duties against Canadian live
cattle imports. We regret any confusion this may have
caused.
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